A Traffic Jam of Subsidies and a Successful Domestic Market: Will Chinese NEVs drive to an ASCM Wall?

Erdal Fere, 2023 LLM graduate, STL

  1. Introduction

Developing new energy vehicles is the only way to become a powerful country in automobiles,” said Xi Jinping, the General Secretary of the Communist Party of China in 2014.[1] Six years later, in 2020 in a speech to the United Nations, he stated that China “will step up support for new energy vehicles, develop charging infrastructure, and promote innovative development of the auto industry[2], meaning that the vehicles had become one of his priorities on his agenda. The market for New Energy Vehicles (NEVs) has blossomed ever since in the People’s Republic of China. There are several underlying reasons explaining this success. Hence, almost three years Read the rest